Hello Everyone
Looking at INTC we must remember the continual bad press it has received following the rise of AMD, its competition over the last year. We should also consider the good fundamentals of this stock which are healthy and will dictate its real future. It may have lost some market share to AMD and possibly continue to do so to some degree but the chart above tells a different story where the prudent trader could benefit. I have marked some potential price targets over the long term.
Looking at INTC we must remember the continual bad press it has received following the rise of AMD, its competition over the last year. We should also consider the good fundamentals of this stock which are healthy and will dictate its real future. It may have lost some market share to AMD and possibly continue to do so to some degree but the chart above tells a different story where the prudent trader could benefit. I have marked some potential price targets over the long term.
Comment:
Currently looking at options for March 20th at .84c with a strike price of $65 These expire well after the earnings report on Jan 23rd
Trade active:
Clearly INTC is feeling the continued pressure of AMD's presence in the space and after their CES showing it is not looking bright for INTC in 2020 either with further loss of market share continuing. We must expect more pullback after these latest announcements. INTC will need to respond soon if they are to protect their position. A lot of traction is found in customer confidence in the chip sector and this will need to be regained
Comment:
Having said that, this the pullback has only been to minor to support so far around the 57.30 area. But with developments in the Middle East, most supports will be tested in the coming days. Have protection in place, depending on the US response, it could get ugly.